Obama/Geithner Honeymoon Over - Perhaps a Buying Opportunity

After 21 days in office, it seems the Obama administration honeymoon is over. The markets have indicated that more than hope, inspiration and campaign promises are needed. Investors are looking for detailed actions that have a good probability of delivering results. Neither the economic stimulus package nor Tim Geithner's speech offered any information that would give investors confidence.

A silver lining is that the next few days may be a buying opportunity. I expect the Obama administration will learn from their mistake and return with a better approach in the next couple weeks. In the meantime, the markets will probably be volatile as it deals with the uncertainty of what may be done.

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This is not financial advice. Please consult a professional advisor.

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